BASS Oil (last report) pumping a total of 150 BOPD x 4 wells = 600 BOPD x 30 = 18,000bbls per month.
Recently upgraded 2 wells with pumps to add 150 BOPD x 2 = 300 BOPD
Upgraded total 900 BOPD x 30 = 27,000 bbls per month.
BASS retains 55% interest 27,000 bbls x .55 = 14,850 bbls x US$65 bbls = US$965,250 / A$1,293,782.50 (at A$o.75) per month.
Annualized cash flow A$1,293,782.50 x 12 = $15,405,390 per year.
December quarter, plant to add 2 new production wells. Assume 200 BOPD x 2 = (400 BOPD x US$650 x 30 days) = US$780,000 per month x 55% = US$429,000 / A$570,570 per month.
So end of December quarter A$1,864,352.50 per month
Annualized cash flow A$22,372,230. Opens up lots of expansion opportunities.
This is what a collapsing A$ + flying US$ oil price achieves.
BASS should be multiples of current share price of $0.005. / $10 million market cap.
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BASS Oil (last report) pumping a total of 150 BOPD x 4 wells =...
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